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Financial Resource Management
Undergraduate | TAS-JNB159 | 2024
- Study method
- 100% online
- Assessments
- Subject may require attendance
- Entry requirements
- No ATAR needed,
- No prior study
- Duration
- 14 weeks
HECS-HELP and FEE-HELP available
Financial Resource Management
About this subject
Upon successful completion of this subject, the student should be able to:
- Describe the basics of scope and function of the related discipline areas of accounting, finance, management and economics
- Prepare and analyse financial statements
- Interpret and use accounting information as a framework for short and long-term financial planning and decision making
- Identify and use the financial tools available to assist in decision making
- Incorporate uncertainty into financial decision making and indicate its link to return
- Explain the financial problems created when organisations operate over international boundaries, and apply available techniques to solve these problems
- Preliminary Reading and Introductory Lecture
- The Role of Accounting and Finance in Business
- Accounting Procedures and Financial Reports (Part 1)
- Accounting Procedures and Financial Reports (Part 2)
- Excel Spreadsheet Modelling in Accounting and Finance
- Financial Statement Analysis
- Sources of Business Finance
- Managing Working Capital
- Business Budgets and Short-term Planning
- Cost-volume-profit Analysis and Costing System
- Financial Mathematics and Capital Budgeting (Part 1)
- Financial Mathematics and Capital Budgeting (Part 2)
- International Business Finance and Revision
This subject aims to introduce you to the type of financial information that managers can expect to receive and to the techniques that can be used for analysing this information for decision making and control purposes in the business environment.
Both accounting and finance are about managing financial resources but from different perspectives and with different emphases. Accounting, as the source of financial information, is the process of identifying, measuring, recording and communicating economic information to permit informed judgements and economic decisions by users of the information. The finance function in a business involves decisions about financing (where to get money, credit or loans), investing (the best combination of long-term productive assets to acquire, hold, use and sell), and dividend policy (how much cash to pay to shareholders if the company has made a profit). Financial managers specialise in these decisions and they must also know the best mix of resources to acquire and where to get necessary funds.
This subject covers core concepts of financial accounting, i.e. accounting principles, financial reports preparation and analysis, and management accounting such as the Cost-Volume-Profit analysis and cost management. It also introduces you to the fundamentals of finance and the techniques used for making decisions in a business environment.
- Multiple Choice Quiz (10%)
- Take Home Exam (40%)
- Financial Statement Analysis (25%)
- Short Essay, Cash Flow and Budget (25%)
- Engagement Quiz (0%)
For textbook details check your university's handbook, website or learning management system (LMS).
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Entry requirements
No entry requirements
Study load
- 0.125 EFTSL
- This is in the range of 10 to 12 hours of study each week.
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